Find the accumulated value of payments of $200 made at the end of every 3 months for

Question:

Find the accumulated value of payments of $200 made at the end of every 3 months for 12 years if money is worth 5% compounded quarterly.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Question Posted: Feb 26, 2016 03:54 AM

See More Questions

Find the present value of payments of $250 made at the end of every 3 months for 12 years if money is worth 3% compounded monthly.
Payments of $360 are made into a fund at the end of every 3 months for 12 years. The fund earns interest at 7% compounded quarterly. (a) What will be the balance in the fund after 12 years? (b) How...
For their marketing class in sales techniques, the business students of Keewaten College raised $16 750 in scholarship donations. What sum of money can be withdrawn from the fund if the money is...
Lopez Company uses a job order cost accounting system that charges overhead to jobs on the basis of direct material cost. At year-end, the Goods in Process Inventory account shows the following. 1....
A movie production company is releasing a movie with the hopes of many viewers returning to see the movie in the theater for a second time. Their target is to have 30 million viewers, and they want...
Can JIT or cellular approaches be used in service settings? Why or why not?
What are some of the advantages to using social media tools in the recruitment process?
Houseco, an audit client of Jones, CPA, for the past five years, is a manufacturer of various household products. Approximately four years ago, Houseco developed a better toaster than had been...
Does the game have a dominant-strategy equilibrium? If so, what is it and why is it that? If not, why not?
A person who consumes wine and cheese gets a raise, so his income increases from $3,000 to $4,000. Show what happens if both wine and cheese are normal goods. Now show what happens if cheese is an...
After reading consumer car guides and receiving advice from family and friends, Aysha has chosen the new car she wants to purchase. She now wants to research her financing options to choose the best...
Aisha contributed $2000 per year for the past 10 years into an RRSP account earning 3.8% compounded annually. Suppose she leaves the accumulated contributions for another five years in the RRSP at...
Lewiss management has been considering moving to a new downtown location, and they are concerned that these plans may come to fruition prior to the expiration of the lease. If the move occurs, Lewis...
Solve the following Cauchy-Euler differential equations: (a) 4ry' + 4ry - y = 0. (b) ry" + 10xy' + 8y = 0. (c) ry" - 6y = 0. (2) Solve the Cauchy-Euler DE by variation of parameters method: (a) xy" -...
Suppose that you have a piece of land to sell and you have two buyers. If the first buyer receives a fraction of the piece of land, the buyer will pay you U(x) dollars. Similarly, the second buyer...
a) 1 January, collected $10,000 cash from accounts receivable b) January, prepaid rent $24,000 for the next 4 months. c) 1 January, paid $8,000 of accounts payable, which related to inventory...
Using this data: Determine the sample size at 95% of confidence level and 3% of accuracy N=Z2 (1-P)p S
56 7 8 9 1 Calculate the following: the predetermined manufacturing overhead application rate, the budgeted direct labour hourly rate, the actual direct labour hours worked during the year and the...
Solve the given problems. All data are accurate to two significant digits unless greater accuracy is given. One road crew constructs 450m of road bed in 12h. If another crew works at the same rate,...
Currently, there are five concepts of food stands, including: hot dogs, soft pretzels, turkey legs, sandwich wraps, and funnel cakes. This approach will double the existing number of food stands...
Use the last-in, first-out method to find the cost of goods sold and the cost of ending inventory using the table from Exercise 1 and the fact that the ending inventory is 200 units. In Exercise 1...
Use the retail method to find the cost of goods sold and the cost of ending inventory using the table in Exercise 1, the following table, and the fact that sales are $5,000: Date of purchase Retail...
Find the turnover rate at cost for Phones and More, Inc. if it has a beginning inventory at cost of $51,266; an ending inventory at cost of $42,780; and cost of goods sold is $25,000.
4. Methane burns in air with an equivalence ratio of =0.85, determine the composition of the products: What are the Mass Fractions of each species in the Products?
1. Describe the health and safety requirements of the area in which the installation activity is to take place, and the responsibility these requirements place on the learner 2. Describe the...
1. Which is easier for nucleation in solids, homogeneous or heterogeneous nucleation? What are the common defects present in solid solution (list at least five kinds of defects)? Are the defects...

Find the accumulated value of payments of $200 made at the end of every 3 months for

Question:

Step by Step Answer:

PMT 20000 i 125 n 48 Set P ...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions